NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

Last quarter EBITDA was 16.8 million

[uograd]

To have an earnest pop here tomorrow we will need to be over 20 million with gross margin ticking closer to 30% and a favourable outlook for Q3 which is now 2/3rd over so they will have a very good idea what it look like.

[stocksnbonds]

That would be nice. Hopefully, solid profits on the bottom line.  3-4 cents/share would be nice. The 30% mark is something that was guided for by the end of Q4 so the broken promise of 40% margins were baked into the drop in November.  The 30% is doable-- this from management.  I keep saying they need to cut the redundancy. Start closing the multiple centres in the UK. Put them

[HowdyBob]

100 people now I saw elsewhere. Just checked their website and it says 100 there too. don't know when it changed https://www.nyxgaminggroup.com/openbet-part-of-nyx-gaming-group-launches-new-product-innovation-hub 

[stocksnbonds]

 Sorry HowdyBob, I went to the original discussion. It was you who posted (See below). Thanks again for the info. The number was always 100 employees for the build of the new OB software not 200. Still too rich though. How much will that cost ? I'm wanting to see a shift of resources rather than the continuation of adding more employees. This should be possible with the rationalization of

[rankininlet]

NYX Q3$14.5 adjusted EBITDA.Q4$12.9 adjusted EBITDA.Q1$16.8 adjusted EBITDA. TSGI formerly AMAYA Q3$123.2 adjusted EBITDA.Q4$147.6 adjusted EBITDA.Q1$151.0 adjusted EBITDA.Q2$146.5 adjusted EBITDA. Not sure the comparison helps.

[rankininlet]

We shall see if we hit $20mm, might be a stretch. I hope we hit the 30% margin. I hope costs control shows up. I hope organic growth continues at prior clip. I hope there are no one-time negative surprises. I honestly would be happy with $17.5mm adjusted EBITDA which is my guess "if all goes right"!

[JohnnyTSX]

All this and give me the TSX announcement and Ill be happy.